The country's firebrand leader had some moments of stumbles and setbacks but managed to stay on top on his third year in office.
The country’s firebrand leader had some moments of stumbles and setbacks but managed to stay on top on his third year in office.As he prepares to deliver his fourth State of the Nation Address on Monday, the President can trumpet about the country’s low inflation, healthcare improvements and reduced crime rate while keeping high public trust and approval ratings halfway through his six-year term.
“The Philippines is in a better and constantly improving state because of the President’s hard work, sincerity and endless effort to provide a better and comfortable life for all Filipinos,” Panelo said in an interview with the Manila Bulletin. The country is also one notch away from A rating after earning a higher credit rating from Standard and Poor’s agency. The agency raised the country’s long-term credit rating from BBB to BBB+ with stable outlook the highest rating the country has received.
“As a result, poverty incidence fell from 27.6 percent in the first half of 2015 to 21 percent in the first half of 2018, which has also been validated by independent self-rate poverty surveys with 38 percent a figure which is considered the lowest ever,” he said.“The Philippine National Police reported a decrease in the crime volume by 4.41 percent, that is, from January-April 2018 with 161,098 incidents to the same period this year with 153,990 incidents,” Panelo said.
“We have experienced the impact of reenacted budget as a result of a budget impasse and we hope that this would not happen again,” Panelo said.
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